We have a good chance for another nice trade.... We lowering stops... I 'd like to see the price action tomorrow until the OPEX, before to put targets ...will see Oil count seems correct 3 of 5 of (5) http://elliottwaver.blogspot.com/ Q.
My take is that this A B C could retrace the 100% (or 62%) of the last impulse Otherwise we'll have another extension, so 5 should be 5 of (3)...will see http://elliottwaver.blogspot.com/ Q.
Yes, of course He's a fine technician! Sometimes I am not in agreement with his analysis, but surely he is one of the best EW Quintrix
Covered YM @ 10782 with 223 points of gain, now flat We place a buy limit order on NQH @ 1696 to close the short, lowering the stop (now trailing stop) @ 1733 http://elliottwaver.blogspot.com/
Covered NQ @ 1696 + 50 points gained..Not so bad this week. Unfortunately our ES short has been stopped out for one tick! Oil is rocketing up today!...however I expect some profit taking soon...a very fast run...too fast! We place a sell limit order @ 70.75 stop 77.85: Quintrix http://elliottwaver.blogspot.com/
March http://www2.barchart.com/dfutpage.asp?sym=CLH06 ------------------------------------------------------------------------------------ Last Update from my blog: The short term bottom could be very close (the A-B-C correction) We place buy limit orders at these following prices: - YM H6 @ 10725 - NQ H6 @ 1682 - ES H6 @ 1266 Have a good weekend Q. Ps.: a mini capitulation could be a tradable bottom
LONG! Our buy limit orders have been filled. Now we are Long for a swing trade http://elliottwaver.blogspot.com/ Best Q.
Until my "LINE IN THE SAND" will not be broken we continue to count bullish Here's an alternate scenario with the final (C) as the end of the bull movement started in October. We could have seen the low of the minor sequence a-b-c in B and now..what a surprise!... the end of C of (C) with marginal new highs (the highs of the year), before a major (huge) correction could start for real....In other words no prediction here, but 1242 is my "old" bear/bull line...if we trade above, the odds for new highs (or at least a retest of the recent highs) are considerable. Below that line (two close below) the top is in in my humble opinion, and we are headed to a major low Stay long for now http://elliottwaver.blogspot.com/